sebi:PB/AO-77/2010
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Facts / Headnote
Allegations of violation of PFUTP Regulations and Code of Conduct for Stock Brokers established against the Noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 4(a)
- Reg. 2
- Reg. 4(2)(a)
- Reg. 4(2)(g)
- Reg. 4(2)(b)
- Reg. 4(2)(n)
Parties
- Bharati Thakkar India Securities Pvt. Ltd.
Holding
The allegation of violation of regulations 4(1), 4(2)(a), 4(2)(b), 4(2)(g) and 4(2)(n) of PFUTP Regulations and Clauses A(1) through A(5) of the Code of Conduct for Stock Brokers by the Noticee stands established.
Full text
Page 2 of 40 3. The entities found to have been involved in the alleged manipulation and against whom adjudication proceedings were initiated are divided into three groups on the basis of their trading vis-à-vis relationship as under:-
Page 3 of 40 Madhusudan Nair 10. Bharati Thakkar India Securities Pvt. Ltd. Sayyed Mustafa, Prem Prakash Thanvi 11. Uttam Financial Services Own Account 12. Pilot Credit Capital Ltd. Deepak Vyas
Page 4 of 40 SHOW CAUSE NOTICE, HEARING AND REPLY 6. Show Cause Notice No.EAD/EAD-5/PG/92109/2007 dated April 24, 2007 (hereinafter referred to as “SCN”) was issued to the Noticee under rule 4(1) of the Rules to show cause as to why an inquiry should not be held and penalty be not imposed under sections 15HA and 15HB of the SEBI Act for the alleged violation specified in the said SCN.
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Source: SecMarx — sebi:PB/AO-77/2010. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.